What is a typical middle class income in lagos, nigeria. According to pew research reports median, middleincome threeperson household earns about. Pdf the economic debate on the existence and definition of the middle class has become particularly lively in many developing countries. However, significant poverty persists despite the governments effort to reduce the high poverty rate. The task of defining the african middle class has always been difficult due to the lack of availability of, and access to, existing quality data. In partnership with the london business school, derin adebayo looks at the challenges of scaling a business in countries with a fragile middle class.
Middle education the first 3 of 6 years of secondary education take place at junior secondary school which may be privately or state funded. The middle class make up about 23% of the nigerian population, according to african development bank afdb data. Insight into the lives of africas middle class ghana talks. Fueled by a new generation of nigerian consumers, wholesale and retail sales are already the third largest contributors to nigerias gdp, contributing 16 percent. It says nigeria is by far the biggest source of the new middle class in africa, while several east african countries are lagging. In april 2011 the africa bank of development released a market brief on the middle of the pyramid. Nigeria will need a strong rmc to achieve this goal. It will also help them understand how poorly informed the british were when they arrived in this area of africa, believing that they were bringing civilization to the people already living there. Nigeria the human capital index hci database provides data at the country level for each of the components of the human capital index as well as for the overall index, disaggregated by gender. The following year the african development bank afdb came out with a study, the middle of the pyramid.
At 41, he works as a senior manager at a lagosbased media company where he earns a healthy salary. The size of nigerias middle class, as well as africas, varies according to the definitions used. Scaling in nigeria with no middle class stears business. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor. Nigeria population by age and sex nigeria data portal. The federation comprises 36 states and 1 federal capital territory, where the capital, abuja, is located.
A survey of the nigerian middle class the fastest billion. While the numbers are impressive, it should be noted that 60 per cent of those. Apr 25, 20 the global average middle class earns between n500, 000 n4m per annum however, in nigeria figures are not certain, but i will for the sake of this assume that a middle class is someone whose monthly income ranges from n60,000n180,000. May 03, 20 in april 2011 the africa bank of development released a market brief on the middle of the pyramid. Previous estimates of the african middle class often use different criteria and vary wildly. But many experts agree that nigerias size and population growth will drive the expansion. Dynamics of the middle class in africa when the still ongoing debate broke out as to whether africas middle class really was rising. Education is intended to be free although most stateowned institutions requite their students to purchase their books and uniforms, something which may be impossible for the poorest people.
The emerging middle class is more optimistic, brand conscious and connected. The threshold expenditure for the middle class in nigeria is found to be. The middle class then dwindled as oil prices declined and the country fell into a fiscal crisis followed by austerity measures. In this study, we examine the extent to which middle class households can compel governments to provide public goods nearer their neighbourhoods. By 2030, there will be 12 million middleclass households in.
For example, nigeria rebased its gdp from 1990 to 2010, resulting in an. The nigerian middleclass everyone should worry about posted on july 9, 2018 by rebeccaidd recently, a ph. Sep 12, 2014 the following year the african development bank afdb came out with a study, the middle of the pyramid. According to pew research reports median, middle income threeperson household earns about. The global average middleclass earns between n500, 000 n4m per annum however, in nigeria figures are not certain, but i will for the sake of this assume that a middle class is someone whose monthly income ranges from n60,000n180,000. Africas middleclass boom is real, study shows and its. The profile of poor, vulnerable, and middleclass households, 2004, 2022 table 1. Please delete these shortcuts first, then delete page itself. Due in large part to data deficiencies, there has been little rigorous analysis on the middle class in nigeria despite the.
Middle class and upper class children family nigeria. The upper, middle and lower class by 9jaclicktivist. Its southern coast is on the gulf of guinea in the atlantic ocean. The rising middle class and evolving food demand in ghana and. It is characterised by its lack of a clear majority ethnic group, and is the location of nigerias federal capital territory. Bmi research 24 26 25 37 40 46 0 5 10 15 20 25 30 35 40 45 50 the transformative potential of the power sector 4 powering nigeria for the future pwc. May 11, 2018 by most standards, ezekiel is living the middle class nigerian dream. Relying on this threshold and through surveytosurvey imputation the size of nigeria s middle class in 2003 is also estimated.
The study further segmented the middle class into three groups. Nigeria s middle class population millions, 2015 nigeria kenya algeria uganda ghana mozambique cameroon source. Fueled by a new generation of nigerian consumers, wholesale and retail sales are already the third largest contributors to nigerias gdp, contributing 16 percent to the total, albeit mostly through informal markets. The middle belt is a term used in human geography to designate a belt region stretching across central nigeria longitudinally and forming a transition zone between northern and southern nigeria. Africas consumer market potential brookings institution. I went to dolphin because it looked poorthe type of place where people could only go up. Precolonial nigeria this is a group project to help students realize that there were welldeveloped cultures in africa long before the arrival of europeans. This decline of the middle class is reflected in the countrys soaring poverty rate, which increased from 27% in 1980 to 65%. The nigerian middleclass everyone should worry about. An update 3 definition and methodology the middle class has been defined by myself and many others, before and since, as comprising those. The eminence of manifold minority groups, to some degree, constitutes an. Dynamics of the middle class in africa, that put africas middle class at about 350m, or 34% of the population. Despite the challenging business environment, foreign investors have continued to eye the nigerian market, recently exhibiting more interest and focus in its middle and upper class. Small class size a survey of selected teachers opinions to the effects of class size on student achievement among middle school students sarah leahy marygrove college submitted in partial fulfillment for the degree of masters in educational leadership edl 665.
Unable to delete the page because it has shortcuts referencing it at the following locations. Nigeria had a sizeable middleclass during the 1970s, fuelled by the oil boom. A survey of the nigerian middle class fastest billion. Apr 23, 2015 nigeria s middle class grew by 600 per cent in a 14 year period amounting to 4. Thus, an examination of nigerias middle class could tell a lot about the structural transformation the country is undergoing. Renaissance capital a survey of the nigerian middle class 26 september 2011 nigeria.
The ink was barely dry on the african development banks afdb 2011 paper on the middle of the pyramid. Nigerias middle class grew by 600 per cent in a 14 year period amounting to 4. Jul 09, 2018 the nigerian middle class everyone should worry about posted on july 9, 2018 by rebeccaidd recently, a ph. Measuring district middle class as the percentage of households in 24 quintiles of the asset. In 20 there were over 375 million middle class people living in africa, or 34 per cent of the population. To cite just a couple of examples, according to the african development bank afdb it consists of 350 million. Nigerias growing middle class offers retail riches, and. Decimation of nigerias middle class punch newspapers.
Nigeria middle school world history and world geography. By an act of the british parliament, nigeria became an independent country within the commonwealth on october 1, 1960. Nigerias growing middle class offers retail riches, and danger. Dec 19, 2014 lagos, nigeria, is africas most populous metropolitan areawith an estimated 21 million inhabitants. Foreign investors eye nigerias middle, upper class. It is characterised by its lack of a clear majority ethnic group, and is the location of nigeria s federal capital territory. Lagos, nigeria, is africas most populous metropolitan areawith an estimated 21 million inhabitants. From a business standpoint, this indicates that considerable opportunities exist for investors. Relying on this threshold and through surveytosurvey imputation the size of nigerias middle class in 2003 is also estimated. In 1963 nigeria became a republic within the commonwealth. The threshold expenditure for the middle class in nigeria is found to be 378. By most standards, ezekiel is living the middleclass nigerian dream. The rising middle class and evolving food demand in ghana.
It also boasts the biggest economy of any city in africa, housing some of the richest. Of the african middle class as defined by assets, one quarter, or 4. By 2030, over half a billion africans are projected to be middle class. Participants were drawn from the cities of lagos, abuja and port harcourt. Foreign investors eye nigerias middle, upper class premium. The upcoming london business school africa business summit, which holds on saturday, may 12th, is focused on the theme of scaling for impact. The middle class neighborhood of dolphin high rise estate, ikoyi, lagos, nigeria. Nigerian middle class in a rigorous quantitative manner and to gauge its. Our findings about the nigerian middle class are summarised below. Nigerias middle class population millions, 2015 nigeria kenya algeria uganda ghana mozambique cameroon source. Dynamics of the middle class in africa2, which made waves among african marketwatchers. Jan 05, 2016 the size of nigerias middle class, as well as africas, varies according to the definitions used.
Africas economic rise and its burgeoning middle class. We expect that the next chapter of emerging middle class growth will be in the retail sector. Dp167 africas rising middle class amid plenty and extreme. Jun 03, 2017 the study further segmented the middle class into three groups. Furthermore, 55% of the respondents were employed, 5% unemployed, 10% students and 30% were business owners. The middle of the pyramid african development bank. Middle class nigerians have traditionally shopped abroad, primarily in london and dubai, for the international brands they cant get locally.